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FOX News
Sep 4, 2012 1:00pm PDT
to the united states treasury, eclipsed $16 trillion debt level collectively, what we owe as a nation, now, going over $16 trillion. now, republicans are, they were itching for it last week, but they are probably just as happy to see it as the democrats have it happen here. if you are just tuning in, $16 trillion, a new milestone, it is a huge sum as we have been reminded by many times like spending $900,000 every hour since jesus christ was born and you would still not come up to $16 trillion. what do do you to get it under control? >>guest: the mitt romney plan they have outlined, that would make that substantially worse at $3 trillion to $5 trillion of tax cuts that you try to pay for in addition to whatever deficit reduction you have. >>neil: you are not part of the ronald reagan school this activity brings revenue to the government. >>guest: tax cuts do not pay for themselves. we have decades of evidence. >>neil: they do spur growth? >>guest: depending which rates they are, they can spur some growth but they do not in any way create a laffer curve that generates its revenue. >>neil: i
Search Results 0 to 1 of about 2 (some duplicates have been removed)